Retirement plan

NATIONAL PRODUCTION WORKERS UNION 401K RETIREMENT

Name: THE BOARD OF TRUSTEES OF THE NATIONAL PRODUCTION WORKERS SEVERAN - NATIONAL PRODUCTION WORKERS UNION 401K RETIREMENT (2021) Form 5500
Creator: THE BOARD OF TRUSTEES OF THE NATIONAL PRODUCTION WORKERS SEVERAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL PRODUCTION WORKERS UNION 401K RETIREMENT, THE BOARD OF TRUSTEES OF THE NATIONAL PRODUCTION WORKERS SEVERAN

THE BOARD OF TRUSTEES OF THE NATIONAL PRODUCTION WORKERS SEVERANEIN 36-2872107Plan #002PY 2021

1520 KENSINGTON ROAD, STE 320 - OAK BROOK, IL 60523630-575-0560

Other plans on this EIN

1 filing

#011Retirement-$40.8M assets

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.8M

+20.5% from 2020

Total participants

889

-13.8% from 2020

Average account balance

$5,134

+18.5% from 2020

Annual return

8.01%

+15.11 pp from 2020

Benchmarks

See 1,509 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,509 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$25.00M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$27K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

917

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$587K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$815

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.78%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$263

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 7 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO7+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$32,795
FGMK, LLC7+ years Service code 10 · EIN 36-2929601	Accounting	$20,089
THOMAS PARAVOLA7+ years Filed as: THOMAS J. PARAVOLA Service code 28 · EIN 36-0522075	Investment Management	$16,200
JEFFREY W. KROL & ASSOCIATES7+ years Service code 28 · EIN 36-3094368	Investment Management	$7,690
ADVENTUS US REALTY 12 LP2 years Filed as: ADVENTUS US REALTY 4 LP Service code 28 75 REMITTANCE DR. STE 3234 · CHICAGO, IL 60675	Investment Management	$6,605
BMO HARRIS BANK NA6 years Filed as: BMO HARRIS BANK, NA Service code 19 · EIN 36-2085229	Securities Custodian	$0
MATRIX TRUST COMPANY1 year Service code 19 · EIN 75-3182674	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$91K

$125 / participant

Investment mgmt$46K50.6%
Other / not subdivided$45K49.4%

% of EOY assets

4.955%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FGMK, LLC
Auditor EIN: 362929601
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,134

$111,491-95.4%

$189,545-97.3%

$86,821-94.1%

Participation rate

27.7%

87.3%-59.6pp

87.8%-60.1pp

72.3%-44.6pp

Annual return

8.01%

83.50%-75.5pp

555.36%-547.3pp

97.94%-89.9pp

Employer contribution / active EE

$496

$3,951-87.4%

$6,162-92.0%

$2,406-79.4%

Participant deferral / active EE

$58

$6,437-99.1%

$8,220-99.3%

$4,132-98.6%

Admin fee / account holder

$254

$189+34.8%

$12,049-97.9%

$170+50.0%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO7+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$32,795

FGMK, LLC7+ years

Service code 10 · EIN 36-2929601

Accounting

$20,089

THOMAS PARAVOLA7+ years

Filed as: THOMAS J. PARAVOLA

Service code 28 · EIN 36-0522075

Investment Management

$16,200

JEFFREY W. KROL & ASSOCIATES7+ years

Service code 28 · EIN 36-3094368

Investment Management

$7,690

ADVENTUS US REALTY 12 LP2 years

Filed as: ADVENTUS US REALTY 4 LP

Service code 28

75 REMITTANCE DR. STE 3234 · CHICAGO, IL 60675

Investment Management

$6,605

BMO HARRIS BANK NA6 years

Filed as: BMO HARRIS BANK, NA

Service code 19 · EIN 36-2085229

Securities Custodian

MATRIX TRUST COMPANY1 year

Service code 19 · EIN 75-3182674

Securities Custodian

NATIONAL PRODUCTION WORKERS UNION 401K RETIREMENT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL PRODUCTION WORKERS UNION 401K RETIREMENT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion